Waste Net Debt vs Cash Analysis

WCN Stock

CAD 269.43 4.06 1.53%

Waste Connections financial indicator trend analysis is more than just analyzing Waste Connections current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Waste Connections is a good investment. Please check the relationship between Waste Connections Net Debt and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waste Connections Net Debt account and Cash. At this time, the significance of the direction appears to have very week relationship.

The correlation between Waste Connections' Net Debt and Cash is 0.25. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Waste Connections, assuming nothing else is changed. The correlation between historical values of Waste Connections' Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Waste Connections are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Waste Connections' Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Waste Connections, which is listed under current asset account on Waste Connections balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Waste Connections customers. The amounts must be unrestricted with restricted cash listed in a different Waste Connections account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Waste Connections' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Waste Connections current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.At this time, Waste Connections' Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Issuance Of Capital Stock is likely to grow to about 1.2 M, while Tax Provision is likely to drop about 156.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	2.9B	3.3B	3.4B
Total Revenue	6.2B	7.2B	8.0B	8.4B

Gross Profit Total Revenue

Waste Connections fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Term Debt	Common Stock Total Equity	Common Stock	Current Deferred Revenue
Total Assets		0.98	0.96	0.97	0.98	1.0	0.97	0.95	0.96	0.46	1.0	0.98	0.46	1.0	0.78	0.99	0.66	-0.41	0.99	0.88	0.94	0.99	0.7	0.93	0.86	0.96
Short Long Term Debt Total	0.98		0.98	0.99	0.93	0.99	1.0	0.98	0.98	0.33	0.99	0.96	0.33	0.99	0.72	1.0	0.58	-0.31	1.0	0.91	0.87	0.99	0.76	0.86	0.75	0.98
Other Current Liab	0.96	0.98		0.98	0.92	0.96	0.97	0.97	0.93	0.34	0.97	0.93	0.34	0.97	0.68	0.98	0.52	-0.31	0.98	0.93	0.86	0.96	0.81	0.85	0.74	0.98
Total Current Liabilities	0.97	0.99	0.98		0.92	0.97	0.99	0.99	0.98	0.29	0.98	0.94	0.29	0.98	0.66	0.99	0.53	-0.33	0.99	0.94	0.85	0.97	0.81	0.85	0.73	0.99
Total Stockholder Equity	0.98	0.93	0.92	0.92		0.97	0.91	0.89	0.9	0.58	0.98	0.98	0.58	0.97	0.82	0.95	0.72	-0.5	0.94	0.82	0.97	0.96	0.61	0.97	0.93	0.91
Property Plant And Equipment Net	1.0	0.99	0.96	0.97	0.97		0.98	0.96	0.96	0.4	1.0	0.97	0.4	1.0	0.78	0.99	0.62	-0.34	0.99	0.9	0.91	0.99	0.69	0.91	0.82	0.96
Net Debt	0.97	1.0	0.97	0.99	0.91	0.98		0.98	0.98	0.25	0.97	0.94	0.25	0.98	0.68	0.99	0.54	-0.27	1.0	0.92	0.83	0.98	0.77	0.83	0.71	0.98
Retained Earnings	0.95	0.98	0.97	0.99	0.89	0.96	0.98		0.96	0.27	0.96	0.92	0.27	0.97	0.67	0.97	0.49	-0.23	0.98	0.93	0.82	0.95	0.81	0.8	0.67	0.99
Accounts Payable	0.96	0.98	0.93	0.98	0.9	0.96	0.98	0.96		0.25	0.96	0.93	0.25	0.97	0.64	0.97	0.53	-0.36	0.98	0.92	0.82	0.96	0.76	0.85	0.73	0.97
Cash	0.46	0.33	0.34	0.29	0.58	0.4	0.25	0.27	0.25		0.43	0.54	1.0	0.41	0.6	0.35	0.69	-0.54	0.34	0.16	0.74	0.38	0.09	0.61	0.72	0.28
Non Current Assets Total	1.0	0.99	0.97	0.98	0.98	1.0	0.97	0.96	0.96	0.43		0.98	0.43	1.0	0.77	0.99	0.64	-0.4	0.99	0.89	0.93	0.99	0.71	0.93	0.84	0.97
Non Currrent Assets Other	0.98	0.96	0.93	0.94	0.98	0.97	0.94	0.92	0.93	0.54	0.98		0.54	0.98	0.81	0.96	0.75	-0.45	0.96	0.82	0.96	0.97	0.66	0.93	0.88	0.93
Cash And Short Term Investments	0.46	0.33	0.34	0.29	0.58	0.4	0.25	0.27	0.25	1.0	0.43	0.54		0.41	0.6	0.35	0.69	-0.54	0.34	0.16	0.74	0.38	0.09	0.61	0.72	0.28
Net Receivables	1.0	0.99	0.97	0.98	0.97	1.0	0.98	0.97	0.97	0.41	1.0	0.98	0.41		0.76	0.99	0.63	-0.39	0.99	0.9	0.92	0.99	0.72	0.92	0.83	0.97
Common Stock Shares Outstanding	0.78	0.72	0.68	0.66	0.82	0.78	0.68	0.67	0.64	0.6	0.77	0.81	0.6	0.76		0.74	0.79	-0.19	0.73	0.51	0.84	0.78	0.32	0.74	0.76	0.64
Non Current Liabilities Total	0.99	1.0	0.98	0.99	0.95	0.99	0.99	0.97	0.97	0.35	0.99	0.96	0.35	0.99	0.74		0.6	-0.32	1.0	0.91	0.89	0.99	0.74	0.88	0.78	0.98
Other Current Assets	0.66	0.58	0.52	0.53	0.72	0.62	0.54	0.49	0.53	0.69	0.64	0.75	0.69	0.63	0.79	0.6		-0.52	0.58	0.25	0.79	0.66	0.22	0.71	0.79	0.51
Other Stockholder Equity	-0.41	-0.31	-0.31	-0.33	-0.5	-0.34	-0.27	-0.23	-0.36	-0.54	-0.4	-0.45	-0.54	-0.39	-0.19	-0.32	-0.52		-0.32	-0.21	-0.51	-0.38	-0.16	-0.67	-0.72	-0.33
Total Liab	0.99	1.0	0.98	0.99	0.94	0.99	1.0	0.98	0.98	0.34	0.99	0.96	0.34	0.99	0.73	1.0	0.58	-0.32		0.92	0.88	0.99	0.76	0.88	0.77	0.98
Property Plant And Equipment Gross	0.88	0.91	0.93	0.94	0.82	0.9	0.92	0.93	0.92	0.16	0.89	0.82	0.16	0.9	0.51	0.91	0.25	-0.21	0.92		0.73	0.88	0.78	0.76	0.61	0.93
Total Current Assets	0.94	0.87	0.86	0.85	0.97	0.91	0.83	0.82	0.82	0.74	0.93	0.96	0.74	0.92	0.84	0.89	0.79	-0.51	0.88	0.73		0.9	0.55	0.95	0.93	0.83
Intangible Assets	0.99	0.99	0.96	0.97	0.96	0.99	0.98	0.95	0.96	0.38	0.99	0.97	0.38	0.99	0.78	0.99	0.66	-0.38	0.99	0.88	0.9		0.7	0.91	0.82	0.96
Short Term Debt	0.7	0.76	0.81	0.81	0.61	0.69	0.77	0.81	0.76	0.09	0.71	0.66	0.09	0.72	0.32	0.74	0.22	-0.16	0.76	0.78	0.55	0.7		0.52	0.37	0.82
Common Stock Total Equity	0.93	0.86	0.85	0.85	0.97	0.91	0.83	0.8	0.85	0.61	0.93	0.93	0.61	0.92	0.74	0.88	0.71	-0.67	0.88	0.76	0.95	0.91	0.52		0.98	0.83
Common Stock	0.86	0.75	0.74	0.73	0.93	0.82	0.71	0.67	0.73	0.72	0.84	0.88	0.72	0.83	0.76	0.78	0.79	-0.72	0.77	0.61	0.93	0.82	0.37	0.98		0.71
Current Deferred Revenue	0.96	0.98	0.98	0.99	0.91	0.96	0.98	0.99	0.97	0.28	0.97	0.93	0.28	0.97	0.64	0.98	0.51	-0.33	0.98	0.93	0.83	0.96	0.82	0.83	0.71

Click cells to compare fundamentals

Waste Connections Account Relationship Matchups

Waste Connections fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.7B	14.0B	14.7B	17.1B	17.9B	18.8B
Short Long Term Debt Total	4.5B	4.9B	5.2B	7.1B	7.0B	7.4B
Other Current Liab	323.4M	465.3M	522.1M	507.0M	631.3M	662.8M
Total Current Liabilities	1.0B	1.0B	1.2B	1.5B	1.7B	1.8B
Total Stockholder Equity	6.9B	6.9B	7.0B	7.1B	7.7B	8.1B
Property Plant And Equipment Net	5.7B	5.5B	5.9B	7.1B	7.5B	7.9B
Net Debt	4.2B	4.3B	5.1B	7.0B	6.9B	7.3B
Retained Earnings	2.7B	2.7B	3.1B	3.6B	4.1B	4.3B
Accounts Payable	437.0M	290.8M	392.9M	638.7M	642.5M	674.6M
Cash	326.7M	617.3M	147.4M	78.6M	78.4M	105.8M
Non Current Assets Total	12.6B	12.6B	13.7B	16.0B	16.8B	17.6B
Non Currrent Assets Other	233.6M	246.9M	246.4M	297.3M	276.0M	289.8M
Cash And Short Term Investments	326.7M	617.3M	147.4M	78.6M	78.4M	105.8M
Net Receivables	662.8M	630.3M	709.6M	833.9M	885.1M	929.3M
Common Stock Shares Outstanding	264.5M	263.7M	261.7M	258.0M	258.1M	200.6M
Liabilities And Stockholders Equity	13.7B	14.0B	14.7B	17.1B	17.9B	18.8B
Non Current Liabilities Total	5.8B	6.1B	6.5B	8.5B	8.5B	9.0B
Other Current Assets	141.1M	160.7M	175.7M	205.1M	60.3M	70.4M
Other Stockholder Equity	154.9M	170.6M	199.5M	244.1M	284.3M	395.5M
Total Liab	6.8B	7.1B	7.7B	10.0B	10.2B	10.7B
Property Plant And Equipment Gross	5.7B	5.5B	5.9B	7.1B	13.3B	14.0B
Total Current Assets	1.1B	1.4B	1.0B	1.1B	1.1B	1.2B
Accumulated Other Comprehensive Income	(11.0M)	(651K)	39.6M	(56.8M)	(9.8M)	(9.3M)
Intangible Assets	1.2B	1.2B	1.4B	1.7B	1.6B	1.7B
Short Term Debt	30.4M	38.9M	44.0M	41.9M	59.0M	61.9M
Common Stock Total Equity	4.2B	4.1B	4.1B	4.0B	4.6B	4.9B
Common Stock	4.1B	4.0B	3.7B	3.3B	3.3B	3.4B
Current Deferred Revenue	216.4M	233.6M	273.7M	325.0M	355.2M	373.0M
Good Will	5.5B	5.7B	6.2B	6.9B	7.4B	7.8B
Other Liab	1.2B	1.2B	1.3B	1.5B	1.7B	1.0B
Net Tangible Assets	259.6M	(22.5M)	(549.3M)	(1.5B)	(1.3B)	(1.3B)
Other Assets	233.6M	246.9M	246.4M	297.3M	341.9M	181.0M
Long Term Debt	4.4B	4.7B	5.0B	6.9B	6.7B	4.2B
Inventory	(2.8M)	36.7M	44.3M	55.2M	61.7M	31.2M
Deferred Long Term Liab	16.8M	19.7M	19.0M	25.8M	23.3M	22.1M
Short Long Term Debt	16.4M	8.3M	6.0M	6.8M	26.5M	25.1M
Property Plant Equipment	5.7B	5.5B	5.9B	7.1B	8.2B	4.7B
Long Term Debt Total	4.4B	4.7B	5.0B	6.9B	7.9B	4.7B
Capital Surpluse	154.9M	170.6M	199.5M	244.1M	280.7M	155.0M

Pair Trading with Waste Connections

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.

Moving together with Waste Stock

0.61

PSI

Pason Systems

Pair Corr

Moving against Waste Stock

0.72	GUD	Knight Therapeutics	Pair Corr
0.6	EDV	Endeavour Mining Corp	Pair Corr

The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.

The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock:

How To Invest In Waste

Details

Is Waste Stock a good investment?

Details

What is Waste Connections' Net Worth?

Details

Largest Environmental & Facilities Services Companies

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Largest Commercial & Professional Services Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.

You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Waste Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Waste Connections fundamental ratios Correlations

Waste Connections Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Waste Connections fundamental ratios Accounts

Pair Trading with Waste Connections

Moving together with Waste Stock

Moving against Waste Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Common Stock	- 0.72	Other Stockholder Equity
Common Stock Total Equity	- 0.67	Other Stockholder Equity
Other Stockholder Equity	- 0.54	Cash And Short Term Investments
Other Stockholder Equity	- 0.54	Cash
Other Stockholder Equity	- 0.52	Other Current Assets
Total Current Assets	- 0.51	Other Stockholder Equity